Macro Tailwinds
Yields
Earnings
Technical Path
- ~95% odds of a September rate cut, an actual cut plus dovish language would boost valuations
- If inflation continues easing without a major growth slowdown, growth stocks could re-rate higher (soft landing vs stagflation narrative)
Yields
- 10Y Treasury back toward 3.8-4.0%
- Lower yields historically supportive for QQQ
Earnings
- Mag 7 beating expectations in Q3 & Q4 keeps AI momentum intact
- More than 65-70% of NDQ100 above their 50d SMA would confirm strength beyond a few leaders
Technical Path
- Support near ~$573
- Resistance around $577–580 (recent intraday highs)
- Sustained closes above $580 with expanding breadth and volume is a breakout trigger
- QQQ’s top end from an extended channel projection ~$590–595
- Measured move from March–July base (~$520–$560 = $40 range; breakout above $560 projects ~$600)
- Break $580 in late August–September on dovish Fed + solid earnings = $600 by Q4
- Fed cuts + AI blowout earnings = $600 by late September.
- Core inflation sticky + yields up = stall at $580, retest $550 before end of year
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.